Okla. Stat. tit. 1, § 1-27
This is the official text of Okla. Stat. tit. 1, § 1-27, part of Oklahoma’s Stat. tit. 1, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 1,." Browse the sections below, each linked to its official government source.
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Application for certificate of authority - Fee - Bond -
Official statutory text
Proof required.
A. Any person, firm, corporation, or other entity desiring to
engage in the business of abstracting in this state shall make
application to the Oklahoma Abstractors Board for a certificate of
authority for each county in which the applicant desires to do
business. The application shall be on a form prepared by the Board
and containing such information as may be necessary to determine
whether or not the applicant has complied with the provisions of the
Oklahoma Abstractors Act. The application shall be accompanied by a
fee and a bond. The bond may be a corporate surety bond or a
personal bond in the form of cash or a certificate of deposit
endorsed in favor of and delivered to the Board. The application
fee shall be set by the Board in an amount determined by the number
of counties in which the applicant desires to do business not to
exceed the following schedule:
County Population Fee Not to Exceed
Less than 10,000 $500.00
10,000 but less than 30,000 $1,000.00
30,000 but less than 60,000 $1,500.00
60,000 but less than 100,000 $2,000.00
100,000 but less than 200,000 $3,000.00
200,000 or more $4,000.00
B. The applicant shall furnish proof to the Board that there is
an abstract plant available for use for each county for which
abstracts will be prepared, or that the applicant was engaged in the
business of abstracting in this state on January 1, 1984, and had a
valid certificate of authority pursuant to the laws of this state on
that date for each county in which the applicant wishes to do
business. Or, if it is finally determined that the applicant was
entitled to a valid certificate of authority pursuant to the
provisions of the previous law, said applicant shall be deemed to
have been engaged in the business of abstracting on January 1, 1984,
and had a valid certificate of authority pursuant to the laws of
this state for each county in which the applicant wishes to do
business. All periods for compliance for a certificate of authority
pursuant to the provisions of the Oklahoma Abstractors Act shall be
extended for like periods from the date of such determination
notwithstanding other provisions of the Oklahoma Abstractors Act.
C. The applicant also shall furnish proof of either errors and
omissions insurance or a bond for each county in which the applicant
wishes to do business to pay damages for possible errors in
abstracts prepared subject to the provisions of the certificate as
follows:
County Population Amount of Bond
Less than 30,000 $15,000.00
Oklahoma Statutes - Title 1. Abstracting Page 10
30,000 but less than 60,000 $25,000.00
60,000 but less than 100,000 $50,000.00
100,000 or more $100,000.00
The bond may be a corporate surety bond or a personal bond in
the form of cash or a certificate of deposit endorsed in favor of
and delivered to the Board.
A. Any person, firm, corporation, or other entity desiring to
engage in the business of abstracting in this state shall make
application to the Oklahoma Abstractors Board for a certificate of
authority for each county in which the applicant desires to do
business. The application shall be on a form prepared by the Board
and containing such information as may be necessary to determine
whether or not the applicant has complied with the provisions of the
Oklahoma Abstractors Act. The application shall be accompanied by a
fee and a bond. The bond may be a corporate surety bond or a
personal bond in the form of cash or a certificate of deposit
endorsed in favor of and delivered to the Board. The application
fee shall be set by the Board in an amount determined by the number
of counties in which the applicant desires to do business not to
exceed the following schedule:
County Population Fee Not to Exceed
Less than 10,000 $500.00
10,000 but less than 30,000 $1,000.00
30,000 but less than 60,000 $1,500.00
60,000 but less than 100,000 $2,000.00
100,000 but less than 200,000 $3,000.00
200,000 or more $4,000.00
B. The applicant shall furnish proof to the Board that there is
an abstract plant available for use for each county for which
abstracts will be prepared, or that the applicant was engaged in the
business of abstracting in this state on January 1, 1984, and had a
valid certificate of authority pursuant to the laws of this state on
that date for each county in which the applicant wishes to do
business. Or, if it is finally determined that the applicant was
entitled to a valid certificate of authority pursuant to the
provisions of the previous law, said applicant shall be deemed to
have been engaged in the business of abstracting on January 1, 1984,
and had a valid certificate of authority pursuant to the laws of
this state for each county in which the applicant wishes to do
business. All periods for compliance for a certificate of authority
pursuant to the provisions of the Oklahoma Abstractors Act shall be
extended for like periods from the date of such determination
notwithstanding other provisions of the Oklahoma Abstractors Act.
C. The applicant also shall furnish proof of either errors and
omissions insurance or a bond for each county in which the applicant
wishes to do business to pay damages for possible errors in
abstracts prepared subject to the provisions of the certificate as
follows:
County Population Amount of Bond
Less than 30,000 $15,000.00
Oklahoma Statutes - Title 1. Abstracting Page 10
30,000 but less than 60,000 $25,000.00
60,000 but less than 100,000 $50,000.00
100,000 or more $100,000.00
The bond may be a corporate surety bond or a personal bond in
the form of cash or a certificate of deposit endorsed in favor of
and delivered to the Board.
Status: in_force · Read it on the official government site
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